Commerce One Stock Splits, Soars - InformationWeek

InformationWeek is part of the Informa Tech Division of Informa PLC

This site is operated by a business or businesses owned by Informa PLC and all copyright resides with them.Informa PLC's registered office is 5 Howick Place, London SW1P 1WG. Registered in England and Wales. Number 8860726.

IoT
IoT
News

Commerce One Stock Splits, Soars

As the Year of E-business winds down, Commerce One Inc., which had one of the year's leading business-to-business E-commerce initial public offerings, saw its stock price soar today when a three-for-one stock split took effect.

Commerce One shares advanced more than 55 points by late afternoon to more than $255 per share. Investors remain highly bullish on business-to-business E-commerce in general, and Commerce One is among those leading the charge. Its stock split was announced in November, capping a successful year in which the company landed several prominent corporate customers, including General Motors Corp.

As often happens in the Web-heated market, Commerce One's gains helped fuel a larger rally in the pure-play, business-to-business sector--even as the overall Nasdaq market was losing ground. Commerce One arch rival Ariba Inc. jumped 14-1/2 points to 176-1/2, and Chemdex Corp. was up 3-1/2 to 122-1/2.

We welcome your comments on this topic on our social media channels, or [contact us directly] with questions about the site.
Comment  | 
Print  | 
More Insights
The State of Cloud Computing - Fall 2020
The State of Cloud Computing - Fall 2020
Download this report to compare how cloud usage and spending patterns have changed in 2020, and how respondents think they'll evolve over the next two years.
Slideshows
10 Ways to Transition Traditional IT Talent to Cloud Talent
Lisa Morgan, Freelance Writer,  11/23/2020
News
What Comes Next for the COVID-19 Computing Consortium
Joao-Pierre S. Ruth, Senior Writer,  11/24/2020
News
Top 10 Data and Analytics Trends for 2021
Jessica Davis, Senior Editor, Enterprise Apps,  11/13/2020
Register for InformationWeek Newsletters
Video
Current Issue
Why Chatbots Are So Popular Right Now
In this IT Trend Report, you will learn more about why chatbots are gaining traction within businesses, particularly while a pandemic is impacting the world.
White Papers
Slideshows
Twitter Feed
Sponsored Live Streaming Video
Everything You've Been Told About Mobility Is Wrong
Attend this video symposium with Sean Wisdom, Global Director of Mobility Solutions, and learn about how you can harness powerful new products to mobilize your business potential.
Sponsored Video
Flash Poll